Altcoin News Official TheBitTimes.com

Bitcoin (BTC) retrieved a four-month price range above $60,000 after a two-week deviation, trading at $64,000. However, a network value indicator at an all-time high suggests Bitcoin could be overvalued in its current state. In particular, Finbold retrieved data from Santiment showing Bitcoin’s Network Value-to-Transaction (NVT) ratio reached an all-time high on July 19. The NVT indicator is often compared to the price -to-earnings (P/E) indicator for stocks, which is used for fundamental Analysis . As observed, Bitcoin’s seven-day NVT ratio is at 151 considering a $19.43 billion transaction volume at $64,100. In 2021, the Network Value-to-Transaction peaked at 58 with BTC trading at $44,800 and $106.92 billion transacted on-chain. Picks for you Gavin Newsom net worth 2024 | How much money does Governor Gavin Newsom have? ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s native SOL token has seen an 8% jump from yesterday’s low, taking price back above the $70 level. This comes amid rising network activity and transactions on the blockchain, helping push Solana’s market cap back above $30.5 billion. Meanwhile, the new altcoin Bitcoin Minetrix (BTCMTX) continues to gain ground in its viral presale phase, with many experts speculating it could pump after listing on mainstream exchanges. Solana rebounds as metrics point to renewed interest After a rocky 24 hours, Solana appears to be swiftly rebounding. SOL is up to $72.10, propelling Solana to the number six spot by market capitalization. This recovery has been fueled by a marked increase in trading volumes. Over $2.8 billion worth of SOL was traded globally in the past day alone – a sizable jump from Dec. 10. Additionally, Solana’s...

The Blast team responded to claims that its multisignature upgrade functionality makes it too centralized. Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security risks due to centralization. The Blast team responded to the criticism from its own X (formerly Twitter) account, but without directly referring to Watts’ thread. In its own thread, Blast claimed that the network is as de centralized as other layer 2s, including Optimism, Arbitrum and Polygon. On multisig security. Read this thread to understand the security model of Blast along with other L2s like Arbitrum, Optimism, and Polygon. — Blast (@Blast_L2) November 24, 2023 Blast network claims to be “the only Ethereum L2 with native yield for E...